Option Strategies: ZS& GTLB
Hello everyone! Today i want to share some option strategies with you!
1.
Here were the $Zscaler Inc.(ZS)$ trades in play for earnings.
▫️ 210 short call will expire worthless for profit
▫️ 170 long call will be in the red, but got time on the contract for it to come back into profit
▫️ 165 & 160 short puts ... will be 👀 closely to see if we need to roll or if the position will close out in profit based on how ZS trades this week (based on today, we're betting we will have to roll it down to a lower strike) ... keep in mind, we exited out at profit when ZS was over 200, so these trades are to buy back in.
2.
Gonna close this $GitLab, Inc.(GTLB)$ strangle trade out for profit on both sides of the strangle. Or might even let it expire worthless. Don't think it will get to 62 based on the tech sell-off program in play, and earnings will keep it above 37 most likely.
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